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Deutsche Bank

Deutsche Bank links Henkel supply chain financing to ESG ratings

FRANKFURT, May 19 (Reuters) - Deutsche Bank (DBKGn.DE) said on Thursday it had linked its supply chain financing for Henkel (HNKG_p.DE) to environmental, social and governance (ESG) ratings of the German consumer goods group's suppliers in the first move of this kind in Europe. The programme, which Deutsche Bank currently...
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International Business Times

Deutsche Bank Enters New Era As Chairman's Rocky Decade Ends

Deutsche Bank looked to open a new chapter on Thursday as its shareholders voted in a successor to Paul Achleitner as chairman, after a rocky decade during which Germany's largest lender lost billions and saw its share price plummet. Alexander Wynaendts, a Dutch former insurance executive, was voted in to...
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Deutsche Bank downgrades BNY Mellon to hold from buy

Deutsche Bank research analyst Brian Bedell on Thursday downgraded Bank of New York Mellon Corp. to hold from buy and cut the stock's price target to $45 a share from $54 a share. Bedell said he views trust banks "somewhat less favorably, as the benefits of higher interest rates may be at least partially offset by weaker equity markets." Bedell cut his 2022 earnings target for BNY Mellon to $4.25 a share from $4.56 a share to reflect "weaker markets relative to the benefit from adding more rate hikes to our assumptions along with slightly higher long-term yields." Deutsche Bank now sees BNY Mellon fairly valued against its revised estimates. Deutsche Bank reiterated buy ratings on Northern Trust.
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